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Effective as of August 07, 2020
Deposit Accounts
| Account | Rate | Minimum to Open | APY |
|---|
| Simply NOW Checking |
0.01% |
$25.00 |
0.01% |
| Simply Statement Savings |
0.05% |
$25.00 |
0.05% |
| Simply Interest Business |
0.01% |
$25.00 |
0.01% |
| Business Statement Savings |
0.05% |
$25.00 |
0.05% |
| Christmas Club |
0.05% |
$1.00 |
0.05% |
APY = Annual Percentage Yield
Your interest rate and annual percentage yield may change at any time. Fees could reduce the earnings on the account.
CDs & IRAs
| Term | Rate | Minimum to Open | APY |
|---|
| 91 Day |
0.05% |
$1,000.00 |
0.05% |
| 182 Day (6 Month) |
0.07% |
$1,000.00 |
0.07% |
| 270 Day (9 Month) |
3.85% |
$1,000.00 |
3.87% |
| 12 Month |
3.85% |
$1,000.00 |
3.92% |
| 15 Month |
3.85% |
$1,000.00 |
3.92% |
| 16 Month |
3.85% |
$1,000.00 |
3.92% |
| 18 Month |
0.15% |
$1,000.00 |
0.15% |
| 20 Month |
0.20% |
$1,000.00 |
0.20% |
| 24 Month |
3.50% |
$1,000.00 |
3.56% |
| 27 Month |
0.20% |
$1,000.00 |
0.20% |
| 30 Month |
0.25% |
$1,000.00 |
0.25% |
| 36 Month |
3.00% |
$1,000.00 |
3.04% |
| Specials: |
| 18 Month IRA Variable |
.15% |
$1,000.00 |
.15% |
APY = Annual Percentage Yield
For the variable rate IRA, your interest rate and annual percentage yield may change at any time. For any CD or IRA, a penalty may be imposed for early withdrawal.
Compounding & Credit Frequency:
CD’s & IRA’s less than 12 month term– Interest will not be compounded. Interest will be credited to your account at maturity.
CD’s & IRA’s with 12 month term or longer or Variable Rate IRA– Interest will be compounded every day. Interest will be credited to your account quarterly.
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FDIC-Insured - Backed by the full faith and credit of the U.S. Government